Title: PPT for Earthmoving Equipment Market: Global Market Insights, Inc.
1Earthmoving Equipment Market 2016 - 2023
Earthmoving Equipment Market Size By Application
(Construction, Underground Mining, Surface
Mining), By Product (Loaders, Excavators),
Industry Analysis Report, Regional Outlook (U.S.,
Canada, UK, Germany, China, Japan, India, Mexico,
Brazil), Application Potential, Price Trends,
Competitive Market Share Forecast, 2016 - 2023
2Global Market Scenario of Earthmoving Equipment
- Earthmoving equipment market size was USD 104.97
billion in 2015 with revenue estimates of USD
192.45 billion by 2023, at 7.9 CAGR. - Increasing transport infrastructure
development worldwide and favorable government
initiatives is expected to drive growth. - Technological developments have resulted in
increasing use of advanced machinery offering
considerable benefits over traditional mechanical
equipment. - Escalating demand across broad residential
applications such as public and private
infrastructure development is forecast to drive
the global earthmoving equipment market. Growing
adoption in the commercial sector will also
favorably impact revenue.
3Continue.....
- Excavators are forecast to grow at 9 CAGR over
the forecast timeframe. They are used in below
ground and surface level operations, such as
trench digging, well sinking, and land traveling.
Loaders comprise skid loaders, backhoe or
diggers, etc. - Backhoe loaders find application across
construction projects, mainly due to their small
size and versatility. They help in executing
tasks including small demolitions, powering
building machinery, digging, excavation,
construction, paving roads, as well as building
material transportation. - Rental companies have enabled contractors to
complete specific job requirements with greater
cost control and flexibility. Rising trend
towards usage of used heavy machinery across
several countries is expected to prove as a
threat to the new products that are to be
launched in the industry. - Get more detail _at_ https//www.gminsights.com/indus
try-analysis/earthmoving-equipment-market
4India earthmoving equipment market size, by
application, 2012 - 2023 (USD Billion)
https//www.gminsights.com/industry-analysis/earth
moving-equipment-market
5360 Analysis
- Application Analysis
- Construction is forecast to remain the leading
application, with over 60 of the earthmoving
machinery market share in 2015. - Underground mining machinery such as long wall
mining machines, hydraulic shovels, cable
shovels, and continuous machines are used for
digging and aids in reducing the amount of
unwanted materials while extracting valuable
materials. - Regional Analysis
- U.S. earthmoving equipment market size exceeded
USD 12 billion in 2015. - Increasing mechanization of construction
processes coupled with strong economic growth is
anticipated to boost the Asia Pacific industry
demand. Increasing spending in infrastructure
activities may also escalate demand, with 8.3
CAGR estimates. - Europe earthmoving equipment market share is
predicted to remain steady, with revenue
projected at over USD 43 billion by 2023. - Competitive Market Share
- Major companies include Caterpillar, Volvo,
Komatsu, Liebherr, Hitachi, Doosan, John Deere,
etc. - Intense competition between global and emerging
participants coupled with rising demand for
advanced technology have forced small operators
to form strategic alliances with the major
players.
6 Latest Research Report On Earthmoving equipment
Market _at_ http//bit.ly/2a97GLC Download
Latest Report PDF _at_ http//bit.ly/2bNQ9It
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